Injective $INJ Price Analysis
Last week, Injective (INJ) closed the weekend on a bearish note, hitting a low of $8.98 before settling at $9.72. Monday brought a strong recovery, with a 12% surge reclaiming $10 and closing at $10.89. The bullish trend continued Tuesday, gaining over 6% to surpass $11 and settle at $11.58.
Momentum faded Wednesday, with a 4% drop to $11.07. Selling pressure persisted Thursday, as INJ fell nearly 4% after hitting an intraday high of $11.58, closing at $10.64. Friday saw a further 1.01% decline to $10.53.Over the weekend, INJ rebounded, rising 4.32% on Saturday and 4.13% on Sunday, crossing the 20-day SMA to settle at $11.44.
However, Monday turned bearish, with a nearly 6% drop below the 20-day SMA and $10, settling at $10.76. Tuesday saw continued selling, with a 5% decline to $10.18. A strong recovery followed Wednesday, with an 11% rally crossing the 20-day SMA to close at $11.52. Thursday hit an intraday high of $12.07 before settling at $11.52, up 1.67%. Currently, INJ is down over 3%, trading around $11.13.
